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in the house of representatives. in less than an hour, california congresswoman nancy pelosi will announce whether or not she'll run for another term as house minority leader. dana bash joins us from capitol hill. any early word, dana? >> reporter: well, our diedre walsh just called and said it looks like she is staying in her job. speaking with her caucus right now as we speak to talk about her future. there has been so much speculation about whether she would go, because she has yet another term in front of her where she is minority leader or whether she would stay and try one more time to get that speaker's gavel back, get the majority back. di diedre walsh is hearing she is staying in her role as leader. i was just down there moments before coming up and talking to you, talking to many democrats. that is what they said that they hoped would happen. she certainly has a lot of loyalty in her caucus. she has led it over the past ten years. she became democratic leader in 2002, has led it for the past ten years with an iron fist. she has raised tens of millions of dollars to help democrats
of congress. republicans john boehner and mitch mcconnell and democrats nancy pelosi and harry reid. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we all know something has to be done. >> it was good. i feel confident that a solution may be in sight. >> we're prepared to put revenue on the table, provided we fix the real problem. >> tax hikes and spending cuts could go into effect simultaneously if no deal is reached on the fiscal cliff by the end of the year, both sides have said they are willing to compromise. house speaker boehner says republicans realize that neither side will get everything it wants. >>> exactly one week after he abruptly resigned as head of the cia, david petraeus was back on capitol hill. he met yesterday behind closed doors to brief lawmakers on the september 11th attack on the u.s. consulate in benghazi. according to lawmakers who were there, petraeus now says the attack was an act of terrorism and not the result of a spontaneous anti-western demonstration as initially reported. four americans died in the benghazi
don't, because then they would have put nancy pelosi in charge of the house of representatives. >> david, do you buy that? democrats gain in both the house and the senate. the president won the popular vote, well over 300 electoral votes and by big majorities, they told exit pollsters they agree with the president's position on tax policy. >> well, whether the president has a mandate is a matter of opinion. whether he has power is a matter of fact. this president now has enormous power, because of the expiring of all these various tax measures and because of the advent of the sequester. he's in a situation where he's in a doomsday contest with the republicans, but the doomsday bites republican constituencies harder than those of democrats and of course, the president doesn't have to face re-election so even if doomsday arrives he has less to fear from it than the republicans do. so he's in a very powerful position. and republicans are going to have to be very savvy about how they play this. to go back to your original question, about why -- what was the cause of the defeat, we'
boehner and minority leader nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. who along with alan simpson created the simpson-bowles plan on deficit reduction. i have to start by asking you, did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all tough choices you made. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things i've heard democrats and republicans say they agree on, others they loathe them. is there anything that should be untouchable? >> the problems are real, no easy way out. w
when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done. and the market had a positive reaction to that. yet it lost that upside throughout the day, teetered back and forth between positive and negative territory. finally, closing the day out positive, so perhaps that suggests that maybe we are a little bit closer. but here's the thing, randi, they've got to get something done. they've got to solve this issue. because if not, the consequences are severe. >> but you listen to some people, and they suggest that fears of fallen off the cliff are overblown. what are the real consequences here? >> the real consequences are another recession. i mean, i can tell you every ceo that i'm talking to right now says i'm not making major decisions. i'm waiting. i'm standing by the sidelines. i can't hire a lot of people, i can't invest in a lot of infrastructure because i don't know what the landscape is going to be in the next 45 days. i don't know what the landscape is going to be in the next three months. so there's a lot of holdup. now,
Search Results 0 to 4 of about 5